What Wage Growth? Real Earnings Tumble For Second Straight Month

Despite the surge in consumer confidence and exuberance at what lies ahead, real wages for America's average joes declined year-over-year in February (down 0.3%). This is the first consecutive monthly drop in real wages since 2011(which forced Bernanke to to hint at and then unleash QE2 later that year).

So not only is The Fed hiking into the weakest GDP growth outlook since 1987, noiw they are hiking into declining real wage growth (something tht has previously driven The Fed to a massvely dovish stance).

Suddenly, the word "stagflation" is showing up in the fake news. If the whatever hits the fan, will Trump fold faster than Superman doing laundry? Hiring crooked Wall Street bankers and hedge fund operators does not take much skill. The next buzzword I expect to read is "internecine", as it describes the warfare in the Republican Party. Luckily, the Republicans have two secret weapons: waste of skin Democrats Nancy Pelosi and Charles Schumer.

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They know exactly what they are doing....apparently most americans dont get it. Let me clue you in bro: Simply put, They are transferring the wealth to them and their goons. Usury is a motherfucker aint it?

But look at it from their POV. They have created more money out of nothingness and 20 years ago we would have expected massive inflation. So far we have not seen it.

In their eyes there has been no harm whatsoever. Record number months of increasing employment to boot.

In their eyes, they have eliminated economic down cycles. What they fail to acknowledge is that they have now limited the size of our economic "pie", and they have in effect destroyed our economic potential.

b. Below is the list of the owners of the 12 Central Banks: - Rothschild Bank of London - Rothschild Bank of Berlin - Lazard Brothers of Paris - Israel Moses Seif Banks of Italy - Warburg Bank of Amsterdam - Warburg Bank of Hamburg - Lehman Brothers of New York - Kuhn Loeb Bank of New York - Goldman, Sachs of New York - Chase Manhattan Bank of New York

Dividend Amount. After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders of the bank shall be entitled to receive an annual dividend on paid-in capital stock of--

in the case of a stockholder with total consolidated assets of more than $10,000,000,000, the smaller of--

the rate equal to the high yield of the 10-year Treasury note auctioned at the last auction held prior to the payment of such dividend; and

In all, there are about 300 VERY POWERFUL, partly foreign individuals that owns the FED.

2. Although the FED is required to give back most of its PROFITS back to the Treasury Dept., there is NO ORGANIZATION that has the power to AUDIT the FED (not even the Congress or the IRS). This creates a HUGE opportunity for creative accounting to hide the profit that ROBS the US Tax Payers Hundreds of Billions of Dollars annually.

3. Every year, a few Congressmen introduce a legislation to AUDIT the FED; and every year, the legislation is defeated. The FED has the most powerful, invisible lobbying power there is.

4. The owners of the FED own the controlling interests in ALL major media in the US. Rockefeller, through Chase Manhattan bank, controls CBS and ABC and 28 other broadcasting firms. Each of the other owners of the FED also have controlling interest in the US media. This explain why the media have been silent about the FED scam. The FED fraud is the biggest and longest cover-up in the US today

The US goverment runs a deficit annually. To cover this, the US goverment issues bonds which are bought by the FED.

Since the FED has the POWER TO PRINT MONEY, it can buy any amount of the US Government bonds at almost NO COST, save for the expense of printing money (approximately 3 cents per $100).

At this point, the owners of the FED already profit $99.97 for every 3 cents they invested to print the money. Basically, they exchange something that costs almost nothing to them with the US Government Bonds.

Since the FED can NOT be AUDITTED by the IRS (or even by Congress), most of this profit can go anywhere the FED owners want to. BTW, did I mention that the profit is TAX-FREE?

After buying the bonds, the owner of the FED can either: 1. Keep the bonds, and collect the interest the US Government now OWES them. 2. Sell the bonds to the US Tax Payers or foreigners.

In either case, the FED owners have profitted $99.97 for every 3 cents it invested to print the money. Remember, the FED is a PRIVATELY OWNED corporation, just like the Federal Express. The profit of the FED goes to the FED owners.

The US Government now owes the FED owners the interest on those bonds. Remember that the FED owners DO NOT EARN the bonds. They simply PRINT the money to buy the bonds. In other words, they created money out of thin air, and exchange it for the interest bearing bonds.

In order to pay for the bonds' interest, the US Government taxes the US population.

When a US Citizen holding US Government bonds receives his/her return of investment on the bonds, essentially the money he/she receives is the tax money he/she is paying to the Government.

When the OWNERS of the FED receive the interest on the BONDS they're holding, they are receiving that money for FREE (save the initial 3 cents per $100 investment to print the money)! Not only that, the FED owners receive the money TAX FREE. Under the LAW, the FED is REQUIRED to RETURN its PROFIT back to the US Treasury. However, NEITHER the Congress NOR the IRS have the POWER to AUDIT the FED. The FED has used this obvious loophole to profit via creative accounting.

Before QE it was interest rate swaps and before that it was repos and before that it was simply trading bonds and pair-offs before settlement. Nothing has changed since the invention of the nonregulated US Treasury market. The debt has always floated around in financial space with financial gains inflating the amount owed. Michael Milken made half a billion one year in the '80's and for cutting into their pie, they put him in jail for what banksters do every day.

It wasn't factories and manufacturing that made American wages better than the rest of the world, it was organized labor who bargained with institutions in order to improve America's standard of living for working people. It isn't unions that are bringing down retail in America, it's a consumption based system that treats labor as a commodity. Treating land, labor and money as commodities instead of capital only leads to it's destruction. False assumptions in an economic system make for false results.

This is a very bad news, it means todays rate hike could be a big mistake! The hike is due to the recent inflation, but wage inflation is actually negative. And inflation not equal to growth, it undercuts growth, GDP reduced when inflation goes up. Its bascially all asset inflation, when fed hike rate, it impact to little people too, credit reduce, mortgage, and make bigger payments.... and it caps stock growth too as its more costly to buyback shares. Thats why today's could be a start of a new trend in stock market.

I got a raise this year. It was the first one in 3 years. But I did get one. Almost no one else at my company got one, they must really want to keep me around, once all they layoffs start in qtr 3 or 4 this year.

Then, why don't you resign and see how much they want to increase your wage just to keep working for them? Go find another job first ( to have a plan "B" ), have the contract signed by the other employer and the drop the bomb at your present employer. I made the same mistake at the time - knowing very well I was one of the people which were very hard to replace, but I hoped to get "something" in the future given the importance of my job within the business. Hell no, I got nothing, until the bosses thought they could do without me ( since they were closing down the business unit I worked in ). At THAT time, they just kick you out. If you are sure to be very needed, resign with a plan "B".

Are we al QE'd up? Wage growth will never happen, the whole idea of QE was to bring on inflation to cover massive government debt (spending). Using inflation to cover government debt is exactly the same thing as using inflation to destroy consumer buying power. You can't do one without the other. Well, that is unless you just don't talk about it. QE was the real "reset button". It reset your dumb ass back to purchasing power of the 70's so every gain in purchasing power, wage growth, standard of living has been wound back. You can't go forward in time, but you damn sure can go backward economically and QE was engineered to do just that. It placed money where the Fed wanted it placed and it damn sure was not placed to help the American consumer. The whole idea that it raises the "water level" for everybody is absolute bullshit. The ones who got the money will do everything they can to make sure no one else gets it thus the velocity of the money is zip and we end up with an even more classed society. Shit, Stalin would have used QE if he had thought about it.

just another symptom of the moral hazard resulting from the US trade policies and the experimental fed policies practiced over the past 30 years...as RP said in 1992 the giant sucking sound you hear will be the good american jobs leaving our country as a result of nafta...I guess those who voted for BC and GWHB have only themselves to blame.

Every year I get a raise of 40 or 50 cents an hour. Inflation eats that aways and then some. So I actually degrade myself by the year. Yeah man the incentive to work is all roses. Now I know why millions don't want to work and put up with everyone's bullshit.